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作者：张毅 金杜律师事务所公司组

2011年8月25日，商务部公布了《商务部实施外国投资者并购境内企业安全审查制度的规定》（下称“规定”），并将于2011年9月1日正式实施。《规定》表示，凡属于上述安全审查范围的企业，外国投资者应向商务部提出并购安全审查申请。对属于并购安全审查范围的并购交易，由商务部在15个工作日内书面告知申请人，并在其后5个工作日内提请联席会议进行审查。《规定》还称，外国投资者不得以任何方式实质规避并购安全审查，包括但不限于代持、信托、多层次再投资、租赁、贷款、协议控制、境外交易等方式。Continue Reading 《商务部实施外国投资者并购境内企业安全审查制度的规定》：外资境内并购管理正式走上法律层面

By Zhang Yi of King & Wood’s Corporate Group

On August 25, 2011, the Ministry of Commerce (MOFCOM) promulgated the Provisions on Implementation of Security Review System Regarding Mergers and Acquisitions of Domestic Enterprises by Foreign Investors ( “Provisions”), which will become effective on September 1, 2011. The Provisions state that foreign investors must file an application for security review with MOFCOM for merger and acquisition (“M&A”) transactions that fall within the scope of security review. If a given M&A transaction is within the scope of security review, MOFCOM will inform foreign investors within 15 working days of the application being filed, and submit the application to the Joint Ministerial Panel for security review within 5 working days. The Provisions also state that foreign investors must not use any means, including but not limited to nominee shareholdings, trusts, multi-tier investments, leasing, loaning, control agreements, and offshore transactions, to evade M&A security review.Continue Reading China Enhances the Legal Administration and Security Review of Inbound M&A Transactions

By Susan Ning and Yin Ranran

On 27 July 2011, the Ministry of Industry and Information Technology ("MIIT") issued for public comments draft rules entitled Provisions on Administration of Internet Information Services (Draft for Comments) ("Draft Rules").

The Draft Rules are based on an earlier draft entitled Interim Rules for Supervision and Management of Internet Information Service Market ("Interim Rules") released by MIIT on 12 January 2011.1   The Draft Rules mainly set out the code of conducts for an internet information service provider ("IISP") vis-à-vis its competitors and consumers.
 Continue Reading MIIT Issues Revised Draft Rules Governing Competition in Internet Industry

By Susan Ning, Huang Jing and Yin Ranran

On January 26, 2010, three GPS operators filed a complaint to the Guangdong Administration for Industry and Commerce ("Guangdong AIC") claiming that the municipal government of Heyuan city, Guangdong province ("Heyuan Government") abused its administrative power in the course of promoting the global positioning system ("GPS") for automobiles and eliminated and restricted competition in this industry.  After investigation, the Guangdong AIC officially proposed to the Guangdong Government asking for rectification of Heyuan Government’s abusive conducts.

According to news reports, after receiving the complaint, the Guangdong AIC initiated investigations and identified the following facts:
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 Continue Reading First Enforcement Action under Anti-Monopoly Law against Administrative Monopoly

作者：楼仙英、 俞涤清 金杜律师事务所知识产权组

 

职务发明是企业的重要无形资产之一，如何区别职务发明和非职务发明极为重要。《专利法》(1)和《合同法》对职务发明都作了原则性的规定，但现实中许多问题无法从法条中直接获得解答，比如，哪些发明人是职务发明意义上的“员工”，“职务”如何解释等问题。所以，以职务发明为争议点的确权诉讼不胜枚举。本文通过案例的分析，归纳出认定职务发明的要点，并从企业的角度出发提出一些预防纠纷的建议。Continue Reading 如何解读职务发明

by Cecilia Lou and Vincent Yu of King & Wood’s Interllectual Property Group

Service inventions created by employees ("Service Invention") are valuable intangible assets for employers, which makes it important to distinguish Service Invention from non-service invention. The Patent Law of the People’s Republic of China ("PRC Patent Law")(1)provides a rudimentary definition of Service Invention leaving many questions unanswered, such as what is the definition of "employee" for purposes of defining Service Invention, and what "tasks of the Entity" should include. Due to those uncertainties, many disputes arise as to the ownership of the right to patent inventions. This article summarizes the requirements and burden of proofs of Service Invention by analyzing actual cases, followed by a comprehensive strategy to avoid those disputes from the perspective of an employer.Continue Reading How to Interpret Service Invention in China

作者：袁敏、Kirby Carder 金杜律师事务所融资组

 

随着2009年10月新修订的《中华人民共和国保险法》的执行，中国保险监督管理委员会（“保监会”）将工作重点转向对2005年颁布执行的《再保险管理业务规定》（“《旧规定》”）的修改。2010年4月，新修订的《再保险业务管理规定》（“《新规定》”）由保监会审议通过，并于2010年7月1日起正式生效。总体来说，《新规定》对直接保险人和再保险人都给予了更深入而细致的指导，保监会希望通过《新规定》的制定和实施更加有效地管理中国再保险市场，促进中国直保市场的持续稳定增长。Continue Reading 国际再保商获新机—-再保险业信息披露及监管新标准

By Yuan Min and Kirby Carder of King & Wood’s Finance Group

With the implementation of the revised insurance law in October 2009, the China Insurance Regulatory Commission ("CIRC") turned its attention to revising the Provisions on the Administration of the Reinsurance Business ("Reinsurance Provisions" or "old Provisions") that it originally promulgated and implemented in 2005. The CIRC promulgated the revised Provisions ("new Reinsurance Provisions") in April 2010, and the measures officially came into effect on July 1, 2010. Overall, the new Reinsurance Provisions are more in depth, and provide more detailed instructions for direct insurers and reinsurers, which the CIRC probably believes will allow it to more effectively regulate the Chinese reinsurance market, and promote stable and sustainable growth of the Chinese direct insurance market.Continue Reading New Disclosure and Methodology Requirements–New Reinsurance Provisions Broaden Offerings to International Reinsurers

作者：瞿淼 金杜律师事务所知识产权组

随着市场经济体制的完善，缓慢的自我积累难以满足企业筹资发展的需求，越来越多的企业选择进行投资及并购实现快速的业务扩张。在并购及投资交易中，企业的知识产权状况是并购双方关注的焦点之一。为了充分认识和评估并购交易中的法律风险，避免出现“并购后遗症”类型的纠纷，本文中总结了几种具有典型意义的并购中的知识产权问题。Continue Reading 投资并购交易中需要警惕的知识产权问题（一）

By Meg Utterback and Holly Blackwell of King & Wood’s Dispute Resolution Group 

 

Whether you are building a manufacturing plant, a petrochemical plant or just fitting out an office, local rules and local authorities can play a significant role in your project. Local regulations and practice varies widely, from designer and contractor qualifications to requirements for building completion. Finding the right contractors for design and construction can make the difference in completing on time and on budget.

Here are some tips to avoid common pitfalls:Continue Reading Owner Tips for Managing Construction Projects in China